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Austin Schroeder

Cattle Rally Resumes on Tuesday

ARE Feeder Cattle Live Cattle USDA

Live cattle futures are showing gains on Tuesday, with contracts up $1.10 to $1.80. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at $385-392 and live trade at $245, with southern trade at 240. 

Feeder cattle futures are up $2.05 to $2.90 so far on Tuesday. The CME Feeder Cattle Index was up $7.84 to $357.92 on August 22. Monday’s OKC weekly feeder auction saw sales on 6,173 head at $4-10 higher for feeders, with steer calves up $10-20 and heifer calves up $8-12. 

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